Team17 Group PLC - video game development company - Reports revenue growth of 28% in the six months to the end of June to GBP38.8 million versus GBP30.4 million a year earlier, with pretax profit also rising by 28% to GBP13.3 million from GBP10.4 million. Performance was helped by games sector resilience through the Covid-19 pandemic. During the first half, the company had three releases of games, with 10 additional new games signed for release in future years. Second-half results to be influenced by "normalisation" of the global economic environment and consumer behaviours.
Current stock price: 686.00 pence
Year-to-date change: up 83%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Team17 (TM17)